2102 -2108 N Oakes Street, Tacoma, WA 98406
- $1,225,000
- 6,674
- SqFt
Listing courtesy of Better Properties N. Proctor. Selling Office: RE/MAX Metro Realty, Inc..
- Sold Price
- $1,225,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 1546447
- Closing Date
- Mar 02, 2020
- Days on Market
- 7
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,674
- Area Total SqFt
- 6674
- Annual Tax Ammount
- 6315
- Lot Size (sq ft)
- 5,300
- Sewer
- Sewer Connected
Property Description
Classy mixed-use commercial/residential building in the heart of thriving North Tacoma’s 3 bridges district- across the street from Coffee shop, salons, gift shops & more. Retail space extensively rebuilt, includes lobby, private office, 2 baths & kitchen. 4 apartments of various sizes- one is 3 bd/2 ba & would make great owner’s unit. On site laundry, large storage rooms in basement. Easy rental due to UPS & popular walkable neighborhood, parks and shopping. Est. $200-300 upside rent potential.
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Additional Information
- List Date
- 2020-02-24 00:00:00
- Community
- Proctor
- Net Operating Income
- $72,350
- Gross Adjusted Income
- $93,537
- Gross Scheduled Income
- $98,460
- Total Monthly Income
- $8,285
- Insurance Expenses
- $2,890
- Water/Sewer/Garbage Expenses
- $5,544
- Gross Rent Multiplier
- 13
- Total Expenses
- $21,187
- Cap Rate
- 5.7
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 2102 -2108
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available, High Speed Internet, Shop
- Electric Expenses
- 500
- Other Expenses
- 5813
- School District
- Tacoma
- Elementary School
- Lowell
- Middle School
- Mason
- High School
- Stadium
- Total Monthly Income
- $8,285
- Gross Scheduled Income
- $98,460
- Vacancy Rate
- 5
- Gross Adjusted Income
- $93,537
- Tax Year
- 2019
- Insurance Expense
- $2,890
- W/S/G Expenses
- $5,544
- Total Expenses
- $21,187
- Net Operating Income
- $72,350
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.7
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